CALGARY, ALBERTA–(July 22, 2015) – ATCO Structures & Logistics (ATCO) has expanded its business in Eastern Canada with the acquisition of the assets of Morris Modular Space, located in Sudbury, Ont. Through the acquisition, ATCO bolsters its fleet with relocatable modular office and workforce accommodation rental units.
“This acquisition strengthens ATCO’s presence in Eastern Canada and positions us for growth in the region,” said Stephen Lockwood, President & Chief Operating Officer, ATCO Structures & Logistics. “Our focus will continue to be to provide outstanding products, services and support to existing and new customers.”
The addition of this business increases ATCO’s modular fleet in Eastern Canada by approximately 10 per cent and builds on the current operating platform in Ontario, with other branches located in Ottawa, Toronto and Timmins.
ATCO provides modular site offices and workforce accommodation solutions to Eastern Canada’s mining, energy and construction industries, including a 1,000-person facility to Detour Gold, one of Canada’s largest gold development projects.
ATCO Structures & Logistics offers modular buildings, site and camp services and industrial noise and emissions control solutions worldwide. With manufacturing facilities in North America and Australia, a global supply chain, and operations on five continents, the company has the expertise to rapidly deliver a turnkey solution anywhere it is needed. To learn more, visit atcosl.com.
With more than 9,000 employees and assets of approximately $18 billion, ATCO is a diversified global corporation delivering service excellence and innovative business solutions through leading companies engaged in Structures & Logistics, Utilities and Energy. More information can be found at atco.com.
Certain statements contained in this news release may constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “plan”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of regulatory decisions, competitive factors in the industries in which the Corporation operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Corporation.
The forward-looking statements contained in this news release represent the Corporations’ expectations as of the date hereof, and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.